Earlier quoted context omitted.
I'm curious about the brazilian one.
The Brazilian company is bxblue. https://techcrunch.com/2017/08/18/bxblue/
fintech is getting insanely huge in brazil right now.
YC Summer 2017 Stats
31–40 of 124 posts
Re: YC Summer 2017 Stats
#32Does anyone know the total number of applicants?
Re: YC Summer 2017 Stats
#33Okay, I might have a bit of a hot head but: Isn't $85bn total market cap a sign of failure? Especially considering that this includes companies that have valuations because they "just raised money on high cap".
Given that the valley now has multiple companies with $500bn+ market cap; and in the "still raising money" valuation there are companies with $50-100bn valuation; it seems to me that $85bn is rather very small.
Or more like YC has worked well for the average founder but sucked at picking even one of the bigger winners?
Re: YC Summer 2017 Stats
#34Earlier quoted context omitted.
* We ask for gender on our applications, but we haven't asked for race/ethnicity, which is why we don't have the answer to your first question. * We see that it does for female founders. * Total number of submissions * Gender is reported in the applications. We asked founders in the batch to self-report for race/ethnicity.
Why ask for gender but not race/ethnicity?
> Why ask for gender but not race/ethnicity?
Out of everyone who complains, there are more females complaining than Hispanics/Blacks.
Re: YC Summer 2017 Stats
#35Would have been interesting to have an overrepresented section as well (if exists).
You mean white males?
Re: YC Summer 2017 Stats
#36Okay, I might have a bit of a hot head but: Isn't $85bn total market cap a sign of failure? Especially considering that this includes companies that have valuations because they "just raised money on high cap". Given that the valley now has multiple companies with $500bn+ market cap; and in the "still raising money" valuation there are companies with $50-100bn valuation; it seems to me that $85bn is rather very small…
(I didn't downvote.) Winners take a long time to develop. YC's pipeline makes it likely that the new ones will go through it. It's probably more likely now than in 2008, meaning a YC applicant today might be that 500bn company in 10 years.
Re: YC Summer 2017 Stats
#37Okay, I might have a bit of a hot head but: Isn't $85bn total market cap a sign of failure? Especially considering that this includes companies that have valuations because they "just raised money on high cap". Given that the valley now has multiple companies with $500bn+ market cap; and in the "still raising money" valuation there are companies with $50-100bn valuation; it seems to me that $85bn is rather very small…
I don't see how $85B is a sign of failure when there are bigger companies out there. Isn't what's important the return on investment? I imagine that (in terms of paper gains) YC has returned a large multiple of their initial investments in companies.
Re: YC Summer 2017 Stats
#38I have a side question for YC. You often mention that one of the main reasons for a startup to fail is founders dispute. But that applies to you too: you don't know the founders before accepting them. How do you trust the founders so fast? In other words, do you invest in companies in which you wouldn't want to be a founder? I just want to know more about trust, where it matters, where it doesn't maybe, what to look for, that kind of stuff. Sorry if that's irrelevant here.
Re: YC Summer 2017 Stats
#39Germany where?
Re: YC Summer 2017 Stats
#40Earlier quoted context omitted.
The Brazilian company is bxblue. https://techcrunch.com/2017/08/18/bxblue/
fintech is getting insanely huge in brazil right now.
Agreed. Fintech is huge in all growing emerging markets, especially those driven still on top of cash. No credit card infrastructure to mess with - move right onto digital wallets. China is the obvious example.